Earnings Alerts

China International Capital Corporation (3908) Earnings Report: FY Net Income Misses Estimates

  • CICC’s net income for the fiscal year missed estimates, coming in at 6.16 billion yuan, which is a 19% decrease year on year.
  • The estimated net income was 6.52 billion yuan.
  • The total revenue for the year was 33.79 billion yuan.
  • Brokerage Commission Income decreased by 15% year on year, settling at 5.69 billion yuan.
  • Underwriting and sponsoring fees saw a significant decrease of 50% year on year, coming in at 3.21 billion yuan. This was still higher than the estimated 2.42 billion yuan.
  • Net interest expenses increased by 30% year on year, totalling 1.33 billion yuan. This was against an estimated loss of 1.28 billion yuan.
  • Overall, there were 17 buys, 1 hold, and 1 sell.
  • These results are compared to past results based on values reported by the company’s original disclosures.

China International Capital Corporation on Smartkarma

China International Capital Corporation (CICC) has recently been covered by top independent analysts on Smartkarma, an independent investment research network. According to the analysis by Travis Lundy, a well-known provider on the platform, CICC’s A/H premium fell significantly last week, with H shares outperforming A shares by 3.1%. This is the sharpest one-week fall in AH premium in a long time, indicating a positive trend for the company. Lundy’s Quiddity AH Monitor also shows that CICC’s portfolio has performed well, despite being only 55% net long. The New/Better A-H Premium Tracker provides detailed tables, charts, and measures to track A/H premium positioning, southbound and northbound flows, and volatility in pairs over time. Both southbound and northbound flows were net positive for CICC, further supporting the positive sentiment towards the company.


A look at China International Capital Corporation Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience2
Momentum2
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China International Capital Corporation (CICC) is a leading international investment bank with a positive long-term outlook. According to Smartkarma Smart Scores, the company has received high scores of 5 for value and 4 for dividend, indicating its strong financial performance and potential for providing returns to shareholders.

While CICC scores lower in growth, resilience, and momentum with scores of 2 for each, the company still maintains a solid overall outlook. This is due to its diverse range of financial services, including investment banking, capital markets, securities sales and trading, and asset management. Additionally, CICC offers individual wealth management and research services, further diversifying its revenue streams and potential for growth.

Overall, CICC is a well-established and reputable company in the international investment banking industry. With its strong value and dividend scores, it is a promising choice for investors looking for stable and profitable opportunities in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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